Last quote by Simeon Siegel
Simeon Siegel quotes
After a string of quarters with merchandise margins declines, Q2 represented a turning point, driven by healthy Old Navy selling.
When you think about the [retail] group, there's no question that anybody selling to department stores will feel that inventory pinch. Companies have already reset that bar. Michael Kors did it, Ralph Lauren recently did it. The idea of resizing and figuring out where the next lever of growth should come from seems to be very much along the investor and the corporate mind.
Being able to price compare on your phone allows a kind of ... price power leading to the consumer.
Investors have been concerned that the company has been in a death spiral ... These results are yet another instance of upside surprise and (are) better than feared.